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Thursday, November 6, 2014

SILVER: Here Comes Lucky 13?

$13 or not, we could reach some type of low
near Thanksgiving

After breaching the lower boundary within a clearly defined 5-month down trend channel, Silver is now struggling to get back above that lower rail.

Nearly a year ago, when silver was trading near $21 per ounce, (26% higher than it is today) we identified a downside price target of $15.15 per ounce. As evidenced clearly in the below chart, we captured this target on Wednesday November 5, 2014 – with only 0.3 cents to spare.

Still
outstanding, and the last downside price target we have on public record
remains at $13.00 per ounce.

Despite
registering lower lows from our previous
update, for now, a bullish momentum divergence persists. If the bullish
divergence holds, it is likely to spark a short-term rally in the very near
future. We’ll see how that plays out going forward. Until then, it is what it
is, a bear market – deal with it accordingly.

Bottom
line – all that matters to our subscribers and us - is being right more often
than being wrong, and establishing prudent hedges along with winning and
profitable trades in every timeframe. This is what we’ve been accomplishing for
our members since 2005.

Do
you think that your investment/savings portfolio can improve with such guidance?
Whatever your timeframe and objectives, we have prudent and effective solutions
without all the hype and bull.

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